$USDC MEDIA: Ripple 'offered too little' in attempt to acquire Circle.

American crypto company Ripple attempted to buy Circle — the issuer of the USDC stablecoin — for $4–5 billion, Bloomberg reports citing sources.

The deal allegedly fell through due to an insufficient amount. It is reported that Ripple remains interested in the acquisition, but has not yet established relevant plans or made new proposals.

Circle declined to 'comment on market rumors.' According to sources, the firm will continue to work on the scheduled IPO. In early April, the procedure was postponed indefinitely due to market uncertainties.